DWS enters digital asset ETFs partnership

DWS has partnered with Galaxy Digital Holdings, an investment management company in the digital asset sector, to launch a suite of digital asset ETFs in Europe.

The strategic alliance aims to provide cost-effective investment solutions that are easy to access via traditional brokerage accounts.

The roster of ETFs will capitalise on the growing blockchain and digital asset market, which has reached a worth of $1 trillion.

Following the initial launch of ETFs, the alliance plans to explore other digital asset solutions, and DWS will commit as Galaxy’s exclusive ally for cryptocurrency ETFs in the European market.

Steve Kurz, global head of asset management at Galaxy, said: “Galaxy’s mission is to empower investors across the globe with simple and secure access to the digital asset ecosystem.”

DWS will provide portfolio management and product structuring capabilities as well as distribution expertise across liquid and illiquid asset classes.

Whereas Galaxy will offer technical infrastructure and asset management, and research capabilities for digital assets.

The alliance aims to support DWS’ strategy to develop comprehensive digital solution and act as a catalyst for both firms to jointly profit from emerging digital asset opportunities.

The partnership will also contribute towards DWS’ goal to become Europe’s second-largest ETF issuer, which was strengthened by the launch of two ESG strategies in December.

Fiona Bassett, global head of systematic investment solutions at DWS, said: “This alliance brings together two firms with unparalleled collective experience in building and pioneering innovative investment solutions across both traditional and digital asset markets.”

The growing digital asset market and the rapid rise of digital asset classes and products has raised concerns and led to calls to develop new regulation, particularly following the effects of the FTX collapse.

© 2023 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Through AI and ML and cloud-enabled ecosystems, managers are finding ways to cut operating costs, supercharge the customer experience and add value to the bottom line.
FIND OUT MORE

PRIVATE MARKETS FUND ADMIN REPORT

LATEST PODCAST